Question · Q4 2025
Rui Zhai asked about the impact of increased affordability scrutiny under Governor Shapiro on the likelihood and pace of American Water's ongoing rate cases in Pennsylvania, and the company's general approach to proceedings there. She also posed the same question for New Jersey, specifically how the timing of their rate case interacts with Governor Sherrill's 180-day BPU study on affordability levers.
Answer
David Bowler, Vice President and Treasurer, clarified that all rate cases, including those in Pennsylvania and New Jersey, are driven by system investments, and the typical two-year cycle is not expected to change. He emphasized that American Water's bills are projected to remain under 1% of median household income through 2035, underscoring their affordability.
Ask follow-up questions
Fintool can predict 
AWK's earnings beat/miss a week before the call
